Hindustan Motors is expecting a five-fold increase in vehicle sales to 50,000 by 2013-14 on the back of rapid increase in sales with the help of new launches. In this regard, the company has launched small commercial vehicle 'Veer'. Four more vehicles will also be launched this year from both Uttarpara and Chennai plants.
The company sold about a total of 10,000 units in the last fiscal. The company will focus on commercial vehicle segment. The company has three plants -- at Uttarpara in West Bengal, Tiruvallur near Chennai and Pithampur in Madhya Pradesh.
Hindustan Motors registered a net profit of Rs 17.20 crore for the first quarter ended June 30, 2011 against net loss of Rs 19.73 crore in the same period previous fiscal. The company's net sales declined by 18.64% and stood at Rs 121.22 crore for the June quarter, as compared to Rs 149.09 crore in the same period last financial year.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 360.15 |
| Maruti Suzuki | 13452.25 |
| Mahindra & Mahindra | 3199.35 |
| Hyundai Motor India | 1901.25 |
| Mercury Metals | 35.39 |
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